Friday, January 11, 2013


I know all the serious people hate the coin idea, but the more I think about it the more convinced I am it's actually the only legal/constitutional path forward. Just what does unilaterally mean?

I don't buy the 14th amendment argument. I don't see how issuing IOUs isn't just violating the debt ceiling in another way. It's not clear that there's legal authority for prioritizing spending or not spending what Congress has said to spend.

All that's left is the coin.